MBI International Review: Recruitment & GRC units

Before we get started, I have to clarify that MBI International the MLM opportunitydo not operate from “mbiinternational.com”. This appears to be an unrelated entity.

MBI International the MLM opportunity operate from “mbiv2u.com” and are the subject of this review.

MBI International launched in 2009 and is headed up by Tedy Teow (right).

As per Teow’s MBI International corporate bio;

More than 30 years of marketing experience. Lightened up his life, and everyone else too.

He was unwilling to be ordinary that makes him dare to face any new challenges and set up MBI International Group in 2009.

Possibly due to language barriers (MBI International are based out of Malaysia), I was unable to put together an MLM history on Teow.

Earlier this year it appears $2.3 million USD of MBI International funds was seized in Thailand.

Authorities seized foreign currencies worth more than 83 million baht from a leading foreign company in Songkhla’s Sadao district during a crackdown on foreign mafia gangs yesterday.

A combined team of authorities yesterday raided MBI Group, in tambon Samnaktham of Sadao district, said the Special Task Force’s chief Col Paisan Nusung who led the crackdown yesterday.

An initial investigation also found the MBI Group has many subsidiary companies and was suspected of carrying out money laundering activities, police said.

The company has run six hotels, nine apartments, two resorts and several tourist spots including animal farms in Sadao district, with an investment value of 2 billion baht, according to police.

An article in Thai from MRG Online has some additional information and photos.

Read on for a full review of the MBI International MLM opportunity.

The MBI International Product Line

MBI International has no retailable products or services, with affiliates only able to market MBI International affiliate membership itself.

The MBI International website does feature some fifteen “subsidiary” companies, however these don’t appear to have anything to do with the MBI International MLM opportunity.

The MBI International Compensation Plan

The MBI International compensation plan sees affiliate purchase packages, with commissions paid when they recruit others who do the same.

MBI International also pay ROIs through a points-based investment scheme.

Recruitment Commissions

MBI International affiliates are directly paid to recruit new affiliates.

Direct recruitment commissions are paid out as a percentage of funds new MBI International affiliates spend on their affiliate package.

How much of a percentage is paid out is determined by which package the recruiting affiliate signed up with:

$100 and $200 packages = 6% recruitment commission

$500 package = 7% recruitment commission

$1000 package = 8% recruitment commission

$2000 package = 9% recruitment commission

$5000 package = 10% recruitment commission

Residual Recruitment Commissions (binary)

The first type of residual recruitment commissions MBI International pay out are binary commissions.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

These initial two positions form the start of both sides, with the second level of the binary team generated by splitting each of the two positions into another two positions each.

In this manner each subsequent level of the binary team houses double the number of positions in the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates.

Commissions are paid out as positions in the binary are filled, using a 1:1 pairing ratio.

Each affiliate package has a corresponding Business Volume (BV) attached to it. The BV is equal to the amount of money spent on an affiliate package.

Eg. The $500 package generates 500 BV.

At the end of each day, MBI International tally up BV generated on both sides of the binary, with affiliates paid a percentage of volume matched on either side.

How much of a percentage is paid out is determined by how much an MBI International affiliate spent on their membership:

$100 package = 6% commission (capped at $100 a day)

$200 package = 6% commission (capped at $200 a day)

$500 package = 7% commission (capped at $500 a day)

$1000 package = 8% commission (capped at $1000 a day)

$2000 package = 9% commission (capped at $2000 a day)

$5000 package = 10% commission (capped at $5000 a day)

Recruitment Commissions (unilevel)

The second type of residual recruitment commission MBI International pay out are unilevel commissions.

A binary compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Commissions are paid out as a percentage of membership fees paid by affiliates recruited into the unilevel team.

MBI International cap payable unilevel levels at six, with how many levels an affiliate can earn on determined by how much they spent on their membership:

$100 package = 4% on level 1 (personally recruited affiliates)

$200 package = 4% on levels 1 and 2

$500 package = 4% on levels 1 to 3

$1000 package = 4% on levels 1 to 4

$2000 package = 4% on levels 1 to 5

$5000 package = 4% on levels 1 to 6

Point-based ROIs

MBI International offer affiliates investment in what they call “Game Redemption Credits” (GRC).

GRC is acquired based on how much an MBI International affiliate spends on their membership:

$1000 = 560 GRCs

$2000 = 1160 GRCs

$5000 = 3000 GRCs

MBI International affiliates also appear able to invest an additional $35,000 into points:

$15,000 investment = 9000 GRCs

$35,000 investment = 21,000 GRCs

MBI International set a price for each point, with affiliates then converting their GRCs into “units” based on this price.

A split mechanic exists where affiliates are able to double their GRC point-balance before they convert them into units.

Once converted, MBI International adjust the price of units over time. Affiliates are purportedly able to sell the units back to the company at the current price.

Joining MBI International

Affiliate membership with MBI International is tied to the purchase of an MBI International affiliate package:

$100 package

$200 package

$500 package

$1000 package

$2000 package

$5000 package

The primary difference between the above packages is income potential through the MBI International compensation plan.

Conclusion

There’s a lot of pizazz on the MBI International website but not much substance.

The ruse appears to be feigned success through a bunch of possibly unrelated companies, whereas as an MLM opportunity all MBI International offer is chain-recruitment and Ponzi investment.

How much an MBI International affiliate spends on their membership dictates their earning potential. This is “pay to play” and usually a calling card of pyramid schemes.

After they’ve signed up, MBI International affiliates earn commissions by recruiting new affiliates. This is chain-recruitment and most definitely a pyramid scheme.

The second income stream is GRC Ponzi points. Affiliates receive points, which they can double via “splitting”, and cash them out based on a point-value set by MBI International.

There doesn’t appear to be anything specifically pegged to the value of GRC points, however how much affiliates can withdraw is obviously dictated by affiliate recruitment (the rate of new funds entering the scheme).

The mention of subsidiary companies on the MBI International website is intended to create the illusion of a link between the companies and the GRC unit price. There’s no substance to this subtext however, with there being no supporting evidence provided on the MBI International website linking the two metrics.

Logically if MBI International’s subsidiaries were successful companies in their own right, there’d be no need to solicit affiliate investment.

As with all pyramid schemes, once recruitment of new MBI International affiliates dies off, so too will commissions paid out. Issued units will probably continue to increase in value, however affiliates will likely discover issues upon trying to convert the units into real money.

Any difficult would signal an imminent collapse, with mathematics dictating that the majority of MBI International affiliates stand to lose money.

206 Comments on “MBI International Review: Recruitment & GRC units”

The translations are doing my head in and I’m not 100% sure, so I’m adding this as supplemental information for now.

Back in 2011 a father-son duo were jailed for 1 day and fined $39,000 over the Red Island Cafe scam.

Syarikat Island Red Cafe Franchise Sdn Bhd executive director Teow Wooi Huat, 45, and his son Chee Chow, 22, who is also a director at the company, were charged at the Ampang Sessions Court on Feb 9 last year with fraudulently inducing 93 people to invest RM1,040,400.

This article in Malaysian has a photo of Teow Wooi Huat arrested (his name is totally different in Chinese) – guangming.com.my/node/67653

I’ve also seen Teow’s name translated differently on a number of news reports, so I wasn’t sure.

Here’s material that suggests it’s the same Teow –

I read today newspaper – Sin chew daily on page 25 (22 Nov 2012), this two father and son directors have setup a new company call MBI.

They are not only look for Malaysia market but according to the newspaper said they are now aim for one hundred oversea country market.

So much has been mentioned about MFace running an illegal investment scheme which is a scam. Somehow this scam has been going on for 8 years.

I just don’t understand how they could have operated for 8 years running an illegal investment without having the license to do so.

Bank Negara M’sia and PDRM and SSM are not even lifting thier fingers to investigate this company. Sounds fishy isn’t it.

Thai anti money laudering dept has raided MBI’s hotel in Songkhla earlier this year. But what happened after the raid? No further news was heard about it.

I was told that there was an article published in Sin Chew saying that the siezed money does not belongs to MBI but to someone a guest who resided in the hotel. Fishy isn’t it.

No more news on this issue even I tried searchin on the web for latest news.

To me anything illegal is illegal and it involves both ‘white’ and ‘black’ parties. This is totally dirty in my opinion.

I also know that the recruitment is very strong reasons for them being sustainable for 8 years now. They have so many properties in Thailand and also in M’sia.

How can a illegal business being made so legal.

BTW, Mizan and ex inspector general of royal Msia police Tan Sri Hj Musa is somehow linked to MBI. I hope if anyone has any new updates regards to the money laundering case in Songkhla kindly share with us.

Im just wondering if anyone here is or was a member of MBI, This company appears to be doing very well. Does anyone who has commented here know someone that has lost money or products dealing with MBI?

It appears also that the company is creating a lot of jobs in Thailand with the resort and fun parks.

TBI (Taiwan Bureau of Investigation) Central Group have received multiple reports since 2013 that Au-Ci-Fan Group had been conducting investment seminars in Taipei, Taoyuan, Taichung, etc. encouraging people to invest in MFC Club, a part of Malaysian MBI Group. Investors just need to put money into the website GRC Gaming platform, and can earn GRC Gaming Coins, and cannot lose money.

Under prosecutors Li and Lin’s guidance, 14 groups fanned out across Taiwan, and raided TongMing Company AuCiFan company, Sansui coampny, and FortuneSecret company, as well as residences of Mr. Dai and more. Cash in the amount of 2.45 billion was retrieved, and 20+ people were brought in for questioning.

Prosecutors pointed out that this illegal investment scheme calimed that as long as people put in 100 to 5000 USD into GRC gaming platform, investors will be able to keep their coins and coins will multiply. As long as investment hit 1000 USD, every 6 months there will be 50% gain guaranteed, and in 54 months, 1000 will become 38443 dollars.

Furthermore, Mr. Dai collaborated with Sansui company to issue M-card, so investors can convert their “profit” into M-points, then those can be spent in certain shops or traded for vacations, gift certs, cars, and so on.

In June (2016) company claimed to have conducted a GRC Carnival in Gaoxiong’s YiDa Convention Center, to create false impression that the investment is legal, hot, and profitable. They claimed that during 2 days of the carnival 3 billion M-points were traded (1 point = 1 NTD) and it was a scam.

Prosecutors believe that there were over 1000 victims in Taiwan who lost about 10 billion NTD, and this was the largest financial fraud in Taiwan since the new laws about money seizures had passed.

I am currently now a victim, because almost half of my family members such as aunts, my parents and younger siblings are interested and now part of this. From my mother’s point of view as a parent, she thinks she is doing the right thing by asking me to be part of it.

Even after all the research i made, reading news and articles telling them that i am not interested in this, telling them what i learnt about and telling them i’m “slowly” accepting it just to make them shut up, they still insist on me coughing out some of my money.

I know that she is doing this because she cares, but she should know that I am allowed to make my own decision to not be part of this scheme.

Instead she says i’m not being an open minded person, which is very saddening because i expected them to know better and have better knowledge in term of finances as they are successful insurance agents.

Recently without my consent, she made me part of the mfc club. Tbh i felt violated, even by my mother because i specifically told her i am not interested and not ready to be part of it but she insisted me to try because they see growth and they see potential.

According to them, they have made their own “research” however i do not understand why they would still want to be part of it.

They believed that the founder is a changed man, but i do not because things like this is not easy to change because their intention is and will always be getting filthy rich. Therefore i have no choice but to “play along”. *shit is killing me*

I do hope there will be more updates on this issue, because i think my country where corruption is so common that businesses like this will never be caught easily because they can just buy it off and hire people who have connections to protect them.

Companies like this are just taking advantage by milking the citizens because of their lack of knowledge on these schemes.

I am amazed how the Mface, clearly a Ponzi scheme could run for 8 years violating all the investment, exchange control laws of the country.

Has there been any investigation by authorities such as Bank Negara? Ministry of Finance? Bursa Malaysia? Income Tax Dept? Police? etc etc

Hope action would be taken quickly to stop them to prevent further hemorrhage of many naive people trapped in it.

I had many friends who were swindled by Genneva Gold scam. Now many of my friend are on Mface. These people would not believe that it is a scam and enjoying counting their money inflow joyously everyday.

Last month I was introduced by my son’s friend who asked me to invest in 7 lots of usd 5,000 package which he claimed will have a return of Rm1,000,000 plus in one and half years time.

I have friends who invested 3 years ago n their feed back is although they cant exchange their points for cash due to points being expired but are happy to be able to exchange for goods in their newly opened mall in Penang.

I just read all the comments above and it definitely put a brake for investing for now.

you have not created any account or involved with MBI and are speculating negatively. I would suggest if you have nothing better to do perhaps you would like to pick up the book namely “Mind your own Business” and ‘One’s negativity’.

My mom is part of this for about a few years now. She had explained me several times and tried to convince me to join. She really had me on my edge today, but I’m still not sure, because I’ve always believed that things too good can not be true.

Since you seem more knowledgeable about it, I want to affirm my doubts about what she said:

She said that it’s like bitcoin, except it’s called Mcoin. She invests some money in the stock market, company splits them, and you get double money back. A percentage of it stays in the system, but most of it can be cashed out.

I’m like what?? You have to do nothing? Where does the money come from then?

She said that the company has many businesses, like hotels, restaurants etc. They earn money from it and puts it into the system.

Also you can use Mcoin to buy stuff from those businesses. My has been to Malaysia like five times already, coming back with luxury goods which she has bought with Mcoin. My mom was also able to buy a new house for my grandparents.

And now about that recruitment part. My mom said recruiting is not necessary, it just make you earn money faster (she gets 6-10% of every income). My mom recruit people up to 3 times a week. She said that she has a lot of money. I believe that.

It really seems convincing to me. But I think this is all too good to be true. Like about that money input from their businesses. Doesn’t it have its limits? What do you think?

I don’t know much about Mcoin too – that’s why I’m here today. But I do know that my mom is a member (invested early 2015) and has cashed out half of her investment and for CNY, has used her Mcoin to buy some cookies and abalone from a shop in KK sabah.

She is also travelling to Penang to shop and stay at a mall and hotel that supposedly accepts Mcoin there.

Now I’m not saying that this is a legitimate company or scheme and I’m not denying that it’s a pyramid scheme. I’m saying that there’s more to their scheme that is not covered here.

For one I believe that my mom did buy things using her Mcoin. Secondly my mom did not recruit anybody. Instead she said there are some “transactions” that you need to do online periodically to enhance your income.

I don’t understand her fully that is why Im here seeking more info. I know that all scams pay well in the beginning and the latecomers (or late-withdrawers) lose money but like many people commented, it’s been quite long now.

I know most are convinced that this is a scam, I agree that it is too good to be true too. I just wish there are more info about how it works.

Its not easy to caution others convincingly when theyve seen example of people cashing out money and buying things with mcoin. Anybody with better understanding of this system please??

Thank you! Thank you! Thank you! for all the advices, stupid or otherwise… seriously. I have decided against ‘investing in this’, too risky; even the suggestion of ‘high risk, high gain’ will not get me into this scam (?) – I will happily live with the benefit of doubts.

I am a ‘low risk, low gain’ person. Have a good year ahead to y’all!!!

i am a member of this investment. I read with interests in all the comments published. Many are pure speculators who do not know much about the investment which results to negative comments. Which I do not blame. It is normal.

This investment is pretty complex and require information, knowledge etc… to understand how it works. This investment does not guarantee any percentage of returns. It all depends on you the members to buy and sell the units (similar to a combo if mutual funds and share market).

One can have all the retuns in just a few months but this will not generate huge or bigger returns in the future. If the members does nothing … they simply do not make any money.

Those who think that any members can just offload or sell all thier investment in one go…this is not true and does not work this way. There is an X amount or percentage (depends on the investment value) that one can sell at every cent.

Each sales also depends very much on whether they have enough ‘unit’ to sell at every cents. Meaning no one can sell or offload all it’s investment in one go.

This is different from the actual share market where if everyone sells….kaboom…the share market will crash.

BTW, the ‘company’ will make a 10% income in every transactions done. Imagine having 90 million members globally. And there are many merchants that accepts O2OLR (Mcoins) as mode of payments.

Yes, it is shown in the receipt that it was paid via O2OLR. Every transation or sale done via merchant the ‘company’ will make 10%.

The holding company business is indeed very diversified. From theme parks to hotels to malls, etc…

I am just giving a brief description of this investment. It takes more to really understand how it works. The system itself is sustainable. This is purely my opinion.

I do not force anyone to invest into this scheme. I just share and that’s it. In every investment there are bound to be risks especially with this as it is not listed as a legal investment company. Invest at your own risks.

Ponzi or not…money laundering or not, high risks or not….just invest smartly. Invest in what you can afford to lose.

People, We are in the age of “internet for everything” give some credit to these entrepreneurs, they have good vision and ideas. Just like bitcoin, dating sites earn on membership. Uber and “Grab It” making an earning from just an apps without them owning cars.

What about all the negative comments by bloggers like yourself on Bitcoin when it was first launch and look at them now. No thanks to you muppets.

If authorities can’t do anything, indicates there is nothing to dig. If the company can sustain, we need to give credit for their skills and expertise. The scheme is still paying out after 9 years, they must be doing something right.

Like any investment has risk. High risk high returns. There is no need to bad mouth an establishment with your gossip.

Invest at your own risk. What give you the moral high ground authority to say they are wrong and it’s a scam.

What is scam or ponzi where the fact of collapse is not being reveal, and at this moment the fact is able to help alot of people earning big bucks to spend, he/she could be involve in scamming other people but can you imagine, when a refferal to friends and family and also able to find money and enjoy their life.

Do you know how happy and blessing he have provide to his friends and family able to achieve financial freedom. Do you know how many people out there is having financial difficulties and poverty? Do you know how the feeling watching your closed one getting out from financial stress?

I proudly telling you guys, i have join since early 2014 as passive member, i already got my initial capital within 12 months, another 6 months i got additional of 50% cash out, and so on.

Since then im sharing this to my close on, they just desperate to get extra buck, why not take it as a gamble something you can lose and try it out, because i don guarantee anything.

So currently im a active member to recruit because since then i help alot of friends and family having a life which is free from financial stress, the worst we will lose something we afford.

1. many such scams like this still going around for long, I believe many have heard of “you should be here”, same thing using new investor $$ to let old bird enjoy free trip, only thing diff is they are much straightforward in this.

2. i take neutral stand, in fact that’s how MLM without products gets their income.

its like today they are people still buying 4d toto from bookies. they know the risk, but why they still go for it? easy access, and better return. high risk of coz. but i guess thats the gamble spirit.

Sterling Wirth: you could say “STEALING” is done by just about everyone

Everybody joined a ponzi or pyramid scheme with the INTENTION of being a net winner. But the only true winner in a scam is the scheme leader who pockets most of the winnings. The fact that there may be a few net winners doesn’t counter the fact it’s a scam.

I just want to share my experience as a member,. Am not against to all the comments i have read here. And very interesting to know what is mlm and ponzi.

I only pay one time at 4star level for $1000 and no direct recruits at all because i am also not confident of how long it will last but i did risk to try. Plainly just a member out of curiosity thou worrisome is there. Actually, i hardly understand all the numbers and how it flows inside my account so i just leave it behind for a a year.

After 1 year i started to withdraw cash and it goes directly to my bank account. In a year, we experience 2 split and my Grc grows.

Roughly…

-1st year i withdrawn a total of USD 1,400 at least.

-2nd yr a total of USD 1,800 at least

-3rd yr almost USD 1,200 from the 1st split this yr.

Those who have directs or recruits. Their grc are bigger than mine, even we are at the same level of account. I have seen that they earned additional 10% to 20% more than my withdrawal and they already stop recruiting for 2 yrs now.

We have at least 2 split in a year.

-Every withdrawal has a limit per level

-Every split it doubles your grc but the 50% additional to your grc is not ready for withdrawal right away. Takes 1 week, months to half and up to one year before it can goes to your grc fund.

-You cannot sell grc all the time or any time.

-There will be at least 2 months span of time in every split for selling your grc from 4 to 6 times if you are keen enough to watch the flow

-It’s not a monthly cash flow, i can say once or twice a year only

Other than that mface has now mtravelclub mface members can purchase some of tour packages, hotel stay and so on local and international using Mcoin that we accumulate by time.

I did use already some of my mcoins for a free Hotel in Malaysia, Thailand and soon to Vietnam. Then my mcoin is finish. If i want more mcoin i have to buy and pay it with my cash.

As of now, i dont know deeply how this company works. But they are also growing in Japan, mmall and other services they have are now existing there.

They did not really grow the members in Philippines because there are many mlm there too similar to mface but didnt last even for 1 year so people have are scared to risk. But they risk to buy lotto regularly.

Am not encouraging anyone to join mface here.

For me, this is my experience for the last 3 yrs now with Mface.

We don’t know how long will it last or how successful they can be. In our life and in every decisions or road we take, there’s always a chance for a risk.

This is great news. BNM listed them in the alert list. Police raided their office and frozen their 91 accounts (I believe the money just the tip of the iceberg, most of it should have been moved overseas).

I’m hoping to see the next one – Sky Century Group (skycentury.net), not to be confused with (skycenturygroup.com).

Scammers always like to use some existing establishment to confuse people. Sky Century is running similar plan as MBI and claimed to be better than them, but obviously another clone.

Thanks Oz. I studied economics but quit finance 6 months into working for an asset management company and took a pay cut and now its been 7 years since and I’m happy working on global sustainability issues in my career now.

Banks and finance have a different moral paradigm, not the subject of discussion here, but I’ll just say I’ve always been keenly interested in the world of business and finance and I can crunch the terms and numbers as well as any investment banker worth her salt out there.

I just don’t see a clear moral reason to be in finance in the current status quo. Sorry for the long intro.

I used to be like everyone else, keeping my fingers out of others business, but I’m gonna be 30, and can’t stand BS and am louder about my opinions nowadays, to a certain extent. You’ve done a great job with this, and its my first article I’m reading on this site!

Thing is, I’m learning more via the comments than the article itself. Some things I’m noting and I’ve heard this before from MLM supporters:

1. Risk and reward – high risk, high return

Garbage. Lottery is regulated. High risk investments can cause total loss of investment and provide returns up to 20-25% max in good years.

These are stated early on and asset lists are made clear when you invest to provide a clear picture of the risk involved. The Ponzi schemes purposely obfuscate the facts to feed the idea of risky investment without the proper disclosure.

2. Complexity

No pyramid schemes are simple. Thanks Justin Ooi above for providing the picture. I was approached years ago and the guy and his 2 friends gave up after an hour of me breaking down their claim that this ‘was not a pyramid scheme’. One of them was apparently a ‘master’ seller.

3. Innocent game

No. Call them out. All investors in pyramid schemes are criminals. robbers. steal from other investors. Failing to know what you are involved in is no excuse for committing a crime.

I used to just keep out of others business, but now I’m gonna be straight up brutal against MLM scammers.

Anyhow, sorry for the long rant. Thanks Oz, you are really doing well with this.

I agreed with OZ 100 percent that this is a scam. I was a member also but already give up the second day I joined this scheme somewhere in 2013.

Their log in side during that time already stated its a money game and later it change to loyalty management program.\

Its a simple question from me if you find a gold mine are you willing to share that gold mine with somebody that you not even know?

If this company can get so much in return in the first place they don’t have to ask you to join. They will take their share quietly instead of asking you to share this opportunity. So this is definitely a scam.

You know why this scheme can last long as this company keeps on changing their terms and condition and is limiting the cashing of the player money.

When they limit the withdrawal cash they actually can prolong the scheme from collapsed fast. That is why they keep on coming with new idea and rules that prohibit player from taking out their cash at one go.

If you want to compare the terms and condition since 2013 until now it has changed quite tremendous until the old player are not interested to join anymore.

This scheme probably the biggest scheme in the world as it involved 18 billion USD for half yearly trading. So this company eventually make profit of 10 percent every six month and imagine its 1.8 billion for a six month period.

I believe eventually all the money will goes to the company and a lot of people will be losing if it collapsed.

I Am A Member:
So, nothing drastic happened to MBI after being listed in BNM. Everything is still going on smoothly. Everyone is still being paid. No one has been cheated. Everything is still on track.

I think you are wrong regarding nothing happened to MBI. Please check the buying and selling of GRC.

I have monitor the buying of GRC and its getting worst by the day compare to the time before the BNM alert list.

So next time when you want to say something please prepare some fact first. If you want to follow this buying I think you wont get any split until end of this year unless the company buy back all the GRC and I believe the company will buy all in order to get the confidence of the investor but it also depends of the figure.

If the figure is high I think it will collapsed or they will change the games rules as what they have done before.

It’s quite sad that a lot of investor are still hoping that this is a genuine company that can give you a good return when in fact they are not selling anything or invest anything but merely stated a membership royalty program.

So do you think they can give u a good return without any investment or business or trading. So ask yourself what they are doing to pay you the return.

Just got to know that many so-called investors from MBI (they are early investors) have switched their money to SKY CENTURY GROUP. Same concept same cheat. It has split for the 9th time on 17/6/2017. The scheme started 1/7/2016 and has been operated for 11 months.

So we want to wait until this SKY CENTURY scheme cheated more people? It’s time to provide more info to behindmlm and hopefully behindmlm will start a new post on this.

I have reported this to BNM, but it seems still no action. I will collect more info and provide to BNM and the press.

Haha yesterday MBI has announced of changing their GRC selling condition and as I predicted they will do something when things is not right and also current GRC buying are getting worst and if follow the current situation thing will get worsen by middle of next year.

GEORGE TOWN: MBI International investors are still keeping faith with the group despite news that a key member of the organisation has been arrested and 98 local bank accounts linked to it have been frozen.

Many believe that the episode is temporary and would be over soon.

A 65-year-old investor said the majority of his friends were not worried.

“Out of 10 friends, perhaps two or three of them are slightly worried.

“The rest of us believe this episode will pass soon,” the retired bookkeeper said yesterday.

However, he said he would start using more of his virtual coins at M Mall, MBI’s mall in Penang Times Square.

MBI members can convert their virtual coins to loyalty points to purchase goods such as groceries, household appliances and even cars.

The investor said he also invested in JJPTR, the money game which was crippled recently but accepted it as “investment risks”.

“I lost about RM1,000 in JJPTR. I accept it. We cannot win all the time. That is why it is called investment.

“Investment comes with risks,” he said.

Another investor, a salesman, said he was not concerned about the latest operation by the authorities.

“No one in my MBI investors’ WeChat group has commented on the recent incident,” he added.

M Mall was still operating yesterday.

However, most traders there refused to comment when approached by reporters.

In a press conference at Bank Negara Malaysia yesterday, Domestic Trade, Co-operatives and Consumerism Ministry enforcement chief Datuk Mohd Roslan Mahayudin said it was all right for M Mall to run as usual.

“They can continue their business until we complete our investigation. We will decide after that,” he said.

Read more at thestar.com.my/news/nation/2017/06/21/investors-unfazed-by-latest-mbi-international-episode/#YJsJTzxB3cxEsP2U.99

Well this is not and investment but a scam and anyway you are not familiar with what they are doing so I just advised you that this is all a scam and not involved any business or any share market trading.

It’s the same concept as JJPTR. The GRC is just the design to let player know but in actual fact if no one buying the GRC the company have to buy all the GRC unit as they already promised the return within the stipulated time.

In actual fact I can’t even criticized in the group we chat as I just ask why they come out with many types of payment method and why not just one simple card will do instead of me pay,mepoint,020,mmspot and etc.

The moment I speak up I was straight away being deleted from the mfc chat group so in this case they just don’t want me to propose or criticise so I can consider myself victim of speaking out.

Well a slight criticise they already bar me from we chat.You see the reason they came out with so many types of payment is that they want to earn from registration fee as each will have to fork out RM100 for apllying.

If you have every one convert and pay RM100 per head this sum is quite a big sum. So all this purpose is to get money from players only.

So we are been victimised by the company the moment we join in as they simply change rule and condition that profit them.

And the latest mamacaptain also been on BNM watch list as this scheme is also from someone inside the MBI that run this scheme according to the source.Sooner or later it will collapsed once it was on BNM watch list.

it seem that MBI was trying to play some psikologi game with the investor.

On JUN 27 a memo has stated that they are going to stop all GRC selling and will start with a new round on JULY 6 but until today the system still show selling and buying. I don’t know what is the reason behind they came out with such memo but never implemented it.

The only thing I can think is that they are buying time so that investor are not cashing all their GRC as they want to wait for the split bonus.

Anyway from current selling and buying of GRC I think its getting worst and from my early prediction it will collapse by middle of next year.

Well normally once the company have been blacklist you wont be expecting a new investor and therefore it just a matter of time it collapse. So my advice is to cash all you have from now.

Read today news from Star paper and you will know that this company are involved in crime related issue and not just money game as what the Thai authority said .So now its getting worse as the Thai authority want the culprit to be prosecuted as soon as possible.

Joined mface in 2014. I never tell anyone. I never recruit nobody. I put in money and forget about it for a year. In 2015 I get cash and never ceased until TODAY.

Plus I went shopping, went to expensive restaurants with my family with the accumulated points. As to date, I am going for a trip with the whole family next month.

Pyramid scheme? Really? Most pyramid schemes are legal in Malaysia. My sister has joined another obviously pyramid business.

Why I said that? Because to join that biz, I wont get any penny if I did NOTHING. ie, recruit, promote, whatever. Thats how “Pyramid” or “MLM” works. (Scam or what not). In Mface I did jone of those but I receive rewards and benefits.

I am not sure if I can call MBI a scammer since all through the years I’ve been receiving more than my initial investment. And no its not ROI. Thats not how it works.

Well, haters can go on commenting what they dont know, and continue living in p-o-v-e-r-t-y.

I happened to drop by this forum and reading all Q&A about MBI. Well, I think you all are too focus on and prejudice on that company.

In the Business world,there no such thing so called ” REAL”or truth. Its just a business.. you like it you BUY!

But as a Consumer, we have the choice be have to be smart and be educated in what you do.. we cannot opposed or be an activist to condemn a business model when we don’t feel like it at our individual opinion.

Whether it is a PONZI SCHEME or SCAM, its depend on an individual satisfaction just like any other business out there. Which over claimed with their advertisement.

But why, we don’t label them as a “SCAM” and keep on patronized it? Bank takes our money to use it as their own gain and pay a little dividend as an interest? Share Market using a piece of paper for transaction..etc.

Yes, yes, I gullibly bought US$100 on Sunday as an introductory exposure to this get-rich-quick scheme. (It’s not an amount that’s going to leave me suffering or empoverised if it’s not recouped anytime soon, if ever).

The cautionary panic-buy:

What I had “paid” for was totally confusing, but sometimes to understand something once you mediocrily engage in it fiscally/ with currency/ handing over some dosh (ie pennies): the schemes’ mathematics and operating structure had zero clarity but I thought it would unravel, lol.

I was asking questions like “but what does the company invest in to be able to generate such positive-growth profits”.

I was told that the company has heavy construction housing and commercial project development investments in Malaysia.

I thought “ok. The economy in Malaysia must be doing really good if all the poor people can suddenly get mortgage approvals and now afford nice new homes, maybe they are getting Malaysian government subsidies and MLC/ The Company is contracting to the Malaysian government to provide mass public housing and commercial factories etc”. …lucky I only parted with US$100, and not US$15-$35k.

I did think: “oh wow, finally there’s a company that wants to break away from the uncertainty/ unsecurity of the global stock exchange, and independently ‘float’ their own shares [ to ethically help the poor ]”. …lol, on reflection of the earlier comments above – how stupid! (…but crazier ideas have lead to advancement in civilisation!).

Well, I did get “caught with my pants down” with the global economic recession – those greedy Americans! I thought “must be an industrious portfolio investment, with high-yielding bank returns, to offer 100% investor guarantees”, lol

The guilt trip:
I feel bad now knowing I’ve been unwittingly duped; I genuinely was concerned that the supposed “multicorp” The Company was conducting its actions ethically towards the environment/ historic & cultural sites etc – but a Ponzi scheme! Oh the irony! …typical multicorp…

I see these perspectives/ schemes as “gambling” – no different. 1 earlier comment was that lotto/ casino is regulated. All I can say is that I’ve lived with compulsive gamblers and no gambling is regulated, you have an infinitesimal chance of a win: those poker machines keep taking all your money till there’s none left, mesmerising the player into a comatosed stupor with flashing lights/ bells/ whistles.

A gambler can walk from venue to venue on a single payday till nothing is left. While lotto and scratchies are unregulated – you can give your whole savings over and there’s no guarantee of winning 1 cent.

At least in the U.K. the national lotto proceeds from all the losers goes to an excellent dedicated cause of preserving architectural history; in Australia, it goes to the governments unassigned coffers for them to waste on electoral “write-offs” or quasi BS.

Well, that’s my comment/ thoughts to share :-). Oh, definitely not promoting MLC etc. And not condemning either – people should make informed decisions in their choice of actions and associated consequences.

I see these perspectives/ schemes as “gambling” – no different. 1 earlier comment was that lotto/ casino is regulated. All I can say is that I’ve lived with compulsive gamblers and no gambling is regulated

Ancedotal stories don’t change the fact that the gambling industry is heavily regulated.

Not that that has anything to do with MBI International being a Ponzi scheme, other than destroying the common “it’s just like gambling” Ponzi justification.

I think what Experiment is driving at is that while gambling is regulated, nobody will do anything to stop a gambler losing every penny, as statistically every single gambler will in the long run. There is therefore a similarity with Ponzi schemes where all punters are also guaranteed to eventually lose money.

There is a lot of bollocks about “responsible gambling” and restricting the amount gamblers can wager in a single spin or letting them ban themselves but it is all a joke as there is no such thing as responsible gambling, all gamblers lose their shirt in the long run. Anyway, tangent.

Ponzi schemes are not the same as gambling, even for those who inhabit HYIP forums, those who recognise that Ponzi schemes will eventually collapse, and think they have “the edge” – those who view it as a “gamble” that they get into the scheme early enough they make money out of it and get out before it collapses.

It is not the same as gambling for a very simple reason. If you are gambling and are one of the few who manage to win, the loser is the house, the casino. The casino accepts the fact that a few punters will take money off it, it’s the cost of doing business.

If you join a Ponzi scam and manage to win, your money comes not from the house but directly from the mugs who came in after you. The house never loses.

In gambling the house is open about the fact that you will probably lose – obviously there are lots of bells and flashing lights to distract you from this fact, but a distraction is not the same thing as a lie.

No fruit machine has a sign on it saying “pull this lever for free money”.

In Ponzi schemes the majority of punters are conned, or con themselves, into believing that it is free money. That’s why one is fraud and the other is just a voluntary tax on being bad at maths.

This should be mentioned on every Ponzi (or Pyramid) fraud review in this blog (I know it won’t be as that is overly impractical) but the simplest way to explain difference between a gamble and a Ponzi/Pyramid fraud is this:

– If you enter a gamble at any point of time, you have equal chance to win as you would have if you entered earlier or later.

– If you enter a ponzi or pyramid fraud, the later you get in, the more certain you are to lose. No exceptions.

And in a longer version:

Take the roulette as an example: when playing a single number everyone has 1 to 37 chance to win their money back 30-fold. On any round, no matter if they came in early or not.

The winner gets money from the losers, sure, but anyone can try to win their money back with the very equal chance they had when they lost their money.

And yes – that money will come from the pockets of other ones, could be even from the pockets of the previous winner if he continues to play.

In roulette the house always wins, since in a long run you will lose 37 bucks for every 30 bucks you win. But it is still fair as everyone has equal chance, you cannot “lure someone in” just to take his/her money – you need to win his money with the same odds he has.

In a Ponzi fraud (or a pyramid fraud) the one that comes in first has almost 100% guarantee to win money. It will be paid from the next entrees that will have smaller odds to win their money back.

When you step in, your money pays the wins of the guy before you but you have smaller and smaller odds to win your money back (from the pockets of the next who hop in).

House always wins, since the last ones to jump in will be suckered with 100% loss. This is unfair as anyone lured in will fuel the money gain of previously joined, having ALWAYS worse odds to gain their money back than the ones whose wins they paid.

(I’m copying this text in case I need it on some other forum in the near future.)

My hubby and I joined the scheme under different lineage.. about 4 years back when this so called investment was just starting.

While I joined to oblige an auntie for her support to me when I was down, my hubby joined as his ex-colleague who managed to convince him this was an investment that do not require any recruitment of others (if you do not wish to) and the money will grow over the years and if you recruit you will get additional commission..

Good lord we did not recruit any as we not the type who is good at recruiting and we did not add on to our one time “investment”….. We just played by the ear.. and were able to collect back our initial sum put in after more than 3 years….

Fast forward to the present day… the platform has evolved to cash back from the company is now getting very difficult….. we have to provide proof that we have make transaction to get the cash by providing our bank statement, ic copy, prove of transaction, etc….

Worse case is when this feedback was channeled back to the upline or so called leader who recruited us in the first place… their response now… what have you done to contribute to protect or safeguard this platform besides being a passive member and keep chasing your own payment and spending your mcoins/o2olr/mcalls…

and also we have just been told this is not an investment but merely a purchase of Advertisement Package and what we are getting has been freebies given by MfcClub, whereby MfcClub is just a website membership system and MfcClub do not owe anyone anything and do not have any obligation to answer anyone on their terms or regulations…

and that the fact is our account in MfcClub can be ignored, frozen or terminated at anytime if we are unable to fulfill to it’s requirement…. and what right do we have, if we do not help put effort in recruiting and marketing this platform…

As explained by others how this scheme works, you will never be able to get out from this scheme, as every time you made a transaction to cash out, you will only get back 55% of the transaction, and the company will take 10% as transaction fees, 5% will be transformed into the points or mcoin and 35% will be channeled back into the scheme……

The best part is the so called recruiter or upline or leader has the guts to tell you now that if you don’t like it, go invest in others investment scheme that give you continuous cash… a total change of tone when they try to get you in with the sweets and promises……!

tom:
In actual fact I can’t even criticized in the group we chat as I just ask why they come out with many types of payment method and why not just one simple card will do instead of me pay,mepoint,020,mmspotand etc.

The moment I speak up I was straight away being deleted from the mfc chat group so in this case they just don’t want me to propose or criticise so I can consider myself victim of speaking out.

This is exactly the same happening in our group.. Cannot complain and we have not right to say anything if we are not active and not recruiting new victims to join in…

Just an Update, they have recently launched a new service called “M Bonus”.

It might be related as do all their businesses because of the world “M”.

The service promises “100% rebate” on purchases through them and then encourages people to get other new members involved as well because they promise them they will earn a certain amount of money for every penny spent by the members.

Yes or no that they are operating something new, all i know is that “MBonus” is the newest thing.

Usually MBI likes to engage their brand of different business with the alphabet “M” hence i assume this is part the MBI’s new form of scheme.

As this new app payment service encourages people to recruit more members and eventually earn a small sum of the money the recruited spends and so on so forth same goes along to be encouraged to recruit as well.

Especially when they emphasize strongly on “100% rebate” of goods and services thought MBonus.

Good news is they have new QP named point for registration. From what i heard , they re-construct their system such as claim points for cash , withdrawal , min. require for merchant apply , etc. Lots of improvement is still ongoing.

Now members of mfcclub are hype about the wcg crypto coin. Hopefully the coin get enough support for future e-finiancial purpose. Best regards.

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